DOF SUBSEA NORWAY AS
Score · fiscal year 2025
65of 100
How to read this: the company is ahead of 86 % of large companies in the same sector in 2025. What does this mean?
Rank: 111 of 583 · Olje og gass
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 58 and solidity 53 out of 100 among large companies in the same sector in 2025. Methodology
Against the sector
DOF SUBSEA NORWAY AS is 17 points above the median for large companies in the same sector in 2025.
Median score 48 among 102 companies.
Against large companies in the same sector in 2025: operating margin 11.4% (median 10.5%) and equity ratio 29.7% (median 27.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2,791 MNOK | 2,369 MNOK |
| Operating margin | 11.4% | 10.5% |
| Profit margin | 10.3% | 9.4% |
| Return on assets | 17.3% | 12.1% |
| Equity ratio | 29.7% | 27.8% |
| Debt-to-equity | 2.37 | 2.45 |
| Current ratio | 1.53 | 1.11 |
| Revenue growth | 142.4% | 3.0% |
| Revenue per employee | 23.26 MNOK | 7.15 MNOK |
The median and “ahead of” refer to large companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 65, DOF SUBSEA NORWAY AS does better than 86% of large companies in the same sector (103 companies) in 2025.
Score 2023–2025
- DOF SUBSEA NORWAY AS
- Median: large companies in the same sector
DOF SUBSEA NORWAY AS has a score of 65 for 2025, rank 111 of 583 in the sector.
Strongest: Growth: percentile 100 against peers, revenue growth 142.4% against a median of 3.0%. Liquidity: percentile 75 against peers, current ratio 1.53 against a median of 1.11.
No area is clearly below its peers.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
DOF SUBSEA NORWAY AS had an operating margin of 11.4% and an equity ratio of 29.7% in 2025, and ranks 111 of 583 in Olje og gass.
From 2024 to 2025: revenue grew by 142% and the equity ratio fell from 66.1% to 29.7%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 576 MNOK and 2,181 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1,585 MNOK |
| EV/EBIT | 8.0 | 2,181 MNOK |
| P/B | 1.0 | 576 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 58 | weight 30% |
|---|---|---|
| Solidity | 53 | weight 25% |
| Liquidity | 75 | weight 15% |
| Growth | 100 | weight 15% |
| Consistency | 54 | weight 15% |
Durability: 70 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is DOF SUBSEA NORWAY AS?
The operating margin was 11.4% in 2025, against a median of 10.5% among large companies in the same sector. Return on assets was 17.3%.
How solid is DOF SUBSEA NORWAY AS?
The equity ratio was 29.7% in 2025 (median 27.8%). Debt-to-equity was 2.37 (median 2.45).
What is the liquidity of DOF SUBSEA NORWAY AS like?
The current ratio was 1.53 in 2025 (median 1.11).
How does DOF SUBSEA NORWAY AS compare in Olje og gass?
DOF SUBSEA NORWAY AS ranks 111 of 583 in Olje og gass for 2025. Among companies of the same size (large companies) it ranks 15 of 103. Revenue changed by 142.4% from the year before.
From the Central Coordinating Register
- Org. no.
- 888131442
- Legal form
- AS
- Sector
- Olje og gass (09.109)
- Size tier
- large
- Employees
- 120 registered 10 October 2026
- Founded
- 15 April 2005 21 years in operation
- Share capital
- 11.23 MNOK
- Business address
- Thormøhlens gate 53C, 5006 BERGEN
- Municipality
- Bergen rank 9 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Dag Raymond Rasch
- Chair of the board
- Marianne Møgster
- Board member
- Martin Lundberg
- Board member
- Stig Hammer
- Board member
- Dag Raymond Rasch
- Deputy member
- Trond Daae Monsvold
- Deputy member
- Andreas Morland
- Auditor
- PRICEWATERHOUSECOOPERS AS
- Accountant
- VIVICTA ACCOUNTING AS
Source: Central Coordinating Register, fetched 25 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 73 | 73 | 65 | |
| Rank | 58 | 43 | 111 | |
| Operating margin | 14.2% | 10.2% | 11.4% | |
| Return on assets | 23.0% | 22.1% | 17.3% | |
| Equity ratio | 59.6% | 66.1% | 29.7% | |
| Current ratio | 2.23 | 2.93 | 1.53 | |
| Revenue growth | – | 25.5% | 142.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 917.6 MNOK | 1,151.3 MNOK | 2,790.9 MNOK |
| Operating profit | 130.3 MNOK | 117.8 MNOK | 317.8 MNOK |
| Profit before tax | 123.1 MNOK | 119.3 MNOK | 287.7 MNOK |
| Net profit | 117.3 MNOK | 65.7 MNOK | 158.5 MNOK |
| Financial expenses | 12.8 MNOK | 22.6 MNOK | 48.0 MNOK |
| Total assets | 590.1 MNOK | 641.3 MNOK | 1,939.7 MNOK |
| Current assets | 521.7 MNOK | 573.9 MNOK | 1,527.0 MNOK |
| Equity | 351.5 MNOK | 423.8 MNOK | 575.6 MNOK |
| Retained earnings | 115.7 MNOK | 188.0 MNOK | 564.3 MNOK |
| Total liabilities | 238.6 MNOK | 217.4 MNOK | 1,364.1 MNOK |
| Current liabilities | 233.9 MNOK | 196.2 MNOK | 997.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6966342.
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